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This indicator finds 3 fairly strong patterns:

  • Candle “top””
  • The hammer or the hanged man
  • Inverted Hammer or Shooting Star

These patterns can signal the continuation of the trend or its change, depending on the location of the patterns.

  • Support-link to help the project
  • Distance – the distance from the candle to the formed signal

Important: The larger the timeframe, the greater the Distance value must be for the signal to be displayed correctly

  • Suitable for any currency pair
  • Works on any timeframe
  • Calculates a large number of signals on the history

  • 1-Finding the top pattern
  • 2 – Finding the hammer pattern
  • 3-Finding the inverted hammer pattern

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Published

27 February 2018

Updated

25 September 2019

Current Version

1.1

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